5 tips to avoid coin collecting disaster and losses
ฝัง
- เผยแพร่เมื่อ 6 ก.ค. 2024
- Its easy to lose money in coin collecting. Getting it wrong is expensive so what can you do to minimise the chance of losses and maximise the chance of success?
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I started buying coins as an "investment" and after years of learning, earning an accounting degree, market investing, and real estate investing. I continue to buy coins as a collector. Nothing more. Every time my wife buys a pair of shoes, I buy a new coin.
Definitely double up two coins per shoe pair
@@NumistackerI would've spent the equivalent currency, and stated my purchases will still be around long after your shoes go out of fashion.
it amazes me the body of knowledge filling the ranks among the YT stacking community. great share, destined to be a classic!
From you thats a real accolade. We have a great community here and those who listen well should make great decisions for the future.
Thanks for posting this video. As a beginner who is just about to put a toe in the water, your advice will be taken to heart and mind. Cheers.
I collect coins. I don't invest in them or buy them to sell them
Attic Coins that's probably a wise move given that most people think they are an investment which clearly they are not.
Precisely. I like knowing the value of what I buy mainly to ensure I get a fair value for my money and don't overpay. But once a coin is in my collection I couldn't care less what it is worth. That's the problem of whoever gets them after I die, because I don't intend on selling my collection during my life if I can help it.
pavel mihai Didn’t find anything about it, can you explain a bit please?
You can sell your duplicates !
Cheers for this, I been tryin to find out about "collecting coins for profit" for a while now, and I think this has helped. Ever heard of - Wonenry Sonucas Approach - (Have a quick look on google cant remember the place now )? It is a good exclusive product for uncovering a proven trading method to get fast results without the headache. Ive heard some great things about it and my best friend Jordan at last got great results with it.
My grand plan is to be a collector for 15 years without the pressure of being a seller, im loving not only picking the coins that i like the most but also betting on certain coins that i think will keep a long term and increased value. Sets are good as there will always be one star coin and hopefully the sum of all their parts will be greater than just an individual. Hopefully im building a collection that could rival in any small part the best of the best
Where is the real fun in selling? I far prefer to buy
I like to giggle like a Gotham style villan every time i buy! When i show my partner a picture of a lovely coin she now replies "very nice, is it coming?"....yes, yes it is woohooohahah
I buying coins special because you're trading boring old Fed notes for something that is beautiful and worth alot back in it's day.
One of the best videos for guidance for any precious metals investor. The "Successful Series" part is my favorite because I have been doing this since I started collecting. The Perth Mint Lunar Series has a proven record of increasing in value and I try to buy a couple of rolls each year of the new release. I have almost doubled my money on the 2015 Year of the Goat as of two years after purchasing.
thoroughly enjoy this video. thank you for taking the time to make it. Should be mandatory viewing for all collectors.
I am all for that as it would ramp up my veiwing figures nicely.
Hey Regal how have you been haven't seen your videos lately hope all is well. You've taught me allot with staking silver. This tax time I'm grabbing my first gold coin. Thanks for your videos
Some good insight, thank you!
Another great video 👍
I adore the Silver Krugerrand, really bought into the tradition of it, and what it represents in the world of bullion coins. An absolutely iconic design, now in silver.
The question I'd like to raise is ... did they really mint 1,000,000 of the 2017 with the anniversary privy mark, as there seems to be a conflict of opinion on how many were sold, as the initial premium on the coin was high, and the coin seemed to get a bad reception when it was launched.
I'm not talking the proof issue, but the BU one.
@numistacker I was wondering if you would advise me : on 1980s gold pandas would you recommend original packaging or NGC MS69? Thank you
Thank you for your videos. Very informative and enlightening.
Just excellent overview excited you got me into 89 sovereign and now looking at 2017
Huge like my friend! Thank you so much for sharing! Beautiful coins!
Thanks for the information. I enjoyed your perspective and tips.
Thanks so much for commenting
I have found over decades of investing condition and mintage is key so agree with all you said Your guid e on sovs got me into the 2917 and 89 sovs I think was excellent advice
Great video numi, all great tips. I often refer to crowd wisdom as the "borg mentality". It takes a bit of mastering sieving through the mishmash of info, but definitely worth keeping a finger on that information source pulse 👍
Shadow Stack yes borg wisdom.. assimilate but as with all things one needs to choose friends wisely and listen to the right voices. Crowd wisdom has often allowed people to make money or to avoid losing money but the real money is often to be made by betting 100% against crowd wisdom and behaving anti cyclically. When nobody is there buying and the world looks to be a dark place, that is mostly exactly the right time to buy.
Excellent overview
Just subscribed: splendid discovery!
Never had seen dutch mint coins really nice i have several 2014 5 oz libertads fits your mintage rule i also just bought another 10oz queens beast striking coin
Great info Numi!!
Is it worth buying the dutch 2017 dollar?
what do you think of the beatrix potter coins
Do you know what the deal is with the British Mint not having mintage #'s on the queen's beast coins? I haven't been able to find any information on this or why there is no record keeping of it. Thanks
How many mintage is consider low and how many high?
usually when demand outstrips supply no matter what it is prices increase. until no ones buying then prices drop.
say all of a sudden the market becomes more saturated prices will drop certain things have a true value and they will not drop below that point and i guess thats the price point you need to be getting in at. like buying a house before housing market tumbles thats problem with bubbles they burst. so getting in on bottom rung of the ladder always a smart move.
Numi, thank you for the information I really appreciate it and all the coins that you showed there I have so well not all of them but then formation was great thank you. hope you have a great day . cheers
Thanks for dropping by Billy I appreciate it
I did not realize the Amount of information that one person needs to have on any one coin out herein the world and to think about the amount of coins / nusmatics
I for one love the world of coin and that was just cause of a silver doller and half dollar when i was just a kid .
With being super new to coin's I fell somewhat intimidated do to it can be easy to get swindled and be out a small fortune.
Thinking twice about this now.
Never the less thx. You for the content and show of some extraordinary collection of yours.
💯
I was trying to purchase Perth Mint lunar silver & purchased only when on sale (only once or twice in the last five years) - so ended up with more 2011 Canadian silver timber wolf 2011 & began a series & also switched to fractional lunar gold & & Korean mint 1/10 2017 gold rider & everything 1/25 Canada gold -
Awesome video, thanks so much :)
Great info! Thanks for sharing!
Thanks for commenting
Excellent video. I like especially your statement at the end, it´s true that we are part of a great community here
we may be small in number but I am sure we are one of the very best communities
I totally agree with you!
Love this coin, purchased this from Mcm pf70 for 199.
There's nothing wrong with buying coins for the sake of investment - money can be made from gold and silver bullion coins. But the true numismatist collects coins for the love of the coins themselves, their history, their designs and beautiful edges. The metals and content that make up the coins interest us and their unique marks and signatures as well as the fascinating process of coin minting.
Lovely presentstion
not only do u have fine taste in gold and silver but i see fine time pieces as well.......AP Royal Oak ref 15500ST?? perhaps?
when you purchase silver, for example one ounce of silver .999 or .9999 whichever the coin is will you always get whatever the amount is an ounce at the minimum for what silver per ounce is going for??? sorry if it sounds like a rookie question, just wondering
Do you think the value of the bullion sovereigns, half-sovereigns, etc. will be brought up at all by the desirability of the proof sovereigns this year, even if they don't have the same design (or low mintage)?
guigal2 in all honestly I think the probability is extremely low. I think the proof sovereign will keep it's very high value indefinitely whilst the half sovereign proof may soften. The bullion sovereigns with the special privy are likely to stay bullion only and may generate an extra $2 on eBay but a dealer will give no premium.
Great info. Thank you
Thanks for looking in
Thank you
Great information, thanks for sharing!
I Think you hit the nail on the head with this one
Thanks 24k and I hope that you are well and enjoying life
Another great video, you should also do a watch update one. you had some a while back that where good.
I was going to do a couple of watch videos over the next few weeks ))
Silver is silver gold is gold it will always hold value in weight especially fine silver
I enjoyed your video. Thanks.
Thanks very much for the comment
Bonjour de France. To me, the "Queen's beasts" series is a "must have". The price of each coin has gone mad and that will be worst when "her majesty" won't be anymore. Get the 2022 10oz as soon as you can!!!!
Excellent points - agree with all mentioned. I actually would add that the online community/market is different than the coin show/coin shop market. Something modern that sells well on eBay might be looked over 100s of times at a coin show full of 1800s coins the older collectors grew up dreaming about owning. Your points are accurate for our online community, but things in the coin show world seem far more complex.
You make an excellent point about the online community and the coin show community and the limited cross-over there is between them. I sense this is gradually changing but when you think how many dealers of coins there are and how little impact they make on social media or on you tube thats good evidence. The ebay market is an important market and moderns are very unrepresented at coin shows. I believe though that the "stacker/collector" is one of the most powerful reasons why the traditional coin world has not suffered even more. My experience is modern/PM is the entry point and that many many then go on to other interests and that there is a good flow from silver to gold.
Very nice tips from a lot of experience.
ikeo net1 it seems like one has to make many mistakes in order to learn. Coins mimic life!
Every silver or platinum coin that Ive moved on ive not lost on, having said that, using the proceeds to purchase more expensive metals has required additional funds. An example for getting more than that you need is definately something I benefited from, was indeed the Queens Beasts series. Getting several sets of these, I was able to recycle complete sets that included several of the early ones from EU suppliers that didnt attract that UK rip off tax.
Im pretty sure my one remaining set has cost me nothing.
I like your advise I am beginning to by silver coin thank you for your tips it helps
+Robert Brown I hope you enjoy your journey
buy*
i enjoy your presentation, how can i get some gold coin and at what price?
Many many great dealers, ebay, Facebook, forums. My best advice is read and watch and dont buy till you are fully informed.
what do think about bullion coins in a glas jar filled with argon gas
Excellent points. In my view, the "crowd wisdom" hype and effect may be the single most influential price factor in terms of short term appreciation of newly released coins. As I have already pointed out in Shadow Stacks' video discussion, aesthetically poor coin designs can and have been on occasion good short term flippers. Whether those coins with poor quality designs can withstand the test of time is yet to be seen in most cases. And of course, what constitutes aesthetically good or poor coin design is for the most part a subjective opinion as any coin / stacker forum or video channel is a testament of this fact. Bottom line, positive/negative hype can make and break the short term appreciation of a product. An example that comes immediately to mind is the SM Mint Lunar Skulls series. 2014 saw very positive hype and amazing short term appreciation while the following year there was lots of controversy over the 2 different versions minted by competing mints and the result was negative hype and ultimately poor performance of the 2015 edition in the aftermarket.
Keep up the good work with the vids!
Coins A-Z thanks for the excellent and insightful comments. I do think that those of us who spend time and effort understanding the dynamics of this complicated little market do ultimately make better decisions and benefit more. I still believe diversification is extremely important and that generally it is better to invest in a few better coins for the long run.
Yes, diversity tends to lower risk in almost every context of investment. Shiny door stops (generic silver bullion bars) might be useful in the aftermath of a remotely possible and far off set of circumstances, but other than that it seems a wiser bet to, as you write, have "a few better coins for the long run."
really good video, very interesting.
Thanks very much Soozie
great information. I most often look at mintage but also I have to really like the design.
Design is important but many many second rate designs become great winners - like the Perth Swan
I think the Perth mint Swan is a superb design & will buy it if they bring a 1oz proof out
garth kbikes if I had to choose between the Nanjing mint swan and mandarin duck with 199 minted or the Perth Mint swan with 25,000 then I would choose the Nanjing Swan but then again one of my points was relative mintage rarity and for a bullion coin from Perth the swan is a low relative mintage.
Yes I get that Numi, but I think Perth mint swan is a design classic & very desirable, I would say your view that swan is 2nd rate design is not the case IMHO, I think it is a simple & classy design which appeals to me.
Although personally I'm not that interested in the Bu version, if & I guess when they bring out the 1oz proof I'll definitely buy one.
garth kbikes maybe I have been too hard on the swan )) I remember when I saw it for the first time I was not excited by the design. I just think they had a great opportunity and chose to do something very ordinary.
Great tips Numi, That mouse sure those look nice :-)
+Moroccan SilverStacker I think the mouse is a great coin to try to find. Not many around ))
Yes i know. Very hard to find. Iam still looking for it.
I got 1972 and 1974 old coins help me how to sell
very informative thanks for sharing
A pleasure
Спасибо за информацию 👍👋
that's some fancy metal
I keep buying the 1994 d-day landings 50p because I like the design of the coin
Great video my friend! Numi did I hear you correct, did you order/buy a few Dutch Lion Dollars? How did you do that? I had to order them for a few people who said they had difficulty ordering one.
Alexander R De Voogt the website was in Dutch so I wasn't very sure what it said but I muddled through
Numistacker yes the others also had problems with that and said f.. it, let's ask Alex let him order one for us. lol good for you that you muddled through:-) Next time you can ask me for help if you like. I'll help you no problem what so ever!
Alexander R De Voogt thanks so much Alex
No problem my friend, it would be my pleasure! And that's why we're here in this fine pm community, to help each other get&enjoy all this beautiful silver and gold.
Sir : do you know people collecting more contemporary « coins » (shape can vary ), like for an example the Mechanical from Mongolia (like the Bee, for an example )? I deeply love those new ones . As much as pre 1933 ones ... and the Queen beasts!!!!! And the new série form RCM (the Kraken)
Thanks Numistacker you r great!!!
I buy bullion and coins... a bit of both is cool, etc
I am collecting coins. I am all’s buying some as my main focus is the Olympic ones and Peter rabbit one
Nice video. I think the Queen's Beasts may do well in the long term. I am new to stacking, however I plan to collect the entire QB series - right now all 3 designs in 1oz. bullion and the 1oz. silver Lion proof. May get the 1/4 oz. gold as well. Don't really care for the 10oz. SIlver Lion. Thanks Numi.
Its a good fun one to collect the series with 5 years or so as they release 2 a year.
I still cannot believe that Royal Mint would mint Queen's Beast series in cupro-nickel.. Just a sad money grab.. If you want to cheapen out for British coinage, go back to .500 silver at the very least..
And Yes, I know they make the bullion coins. Just the fact that they turn that into a true currency cash grab is sad. " True in the fiat of the realm anyways. "
Great vid numi I do like the silver kruggerand but I ain't paying £100 for a BU one with a mintage of 1mil
Probably £60 but still overpriced. The proof is the one to have
Numistacker on STG it's £97.40
do u think the 20th anniversary silver britannia is worth getting its 120 thou mintage
+oaksie 88 it is worth getting at a low price but is likely to be worth spot plus a little going forward.
Numistacker ok thanks just got one
Thanks for the ha.com reference, great site......
pleasure
Great video numi
Thanks and all comments are appreciated
I stake all !
I think the queens beasts are stunning coins, they will very sought after in years to come 👌
Hmm, not convinced. The gold ones seem to be selling at only slightly over spot plus commission.
like the matt coin
I recently discovered 5 oz pandas not the insane mintages of one oz plus much higher def images and as you go older super packaging used to be wood boxes recent years plastic I saw as they get older prices are double or even triple so bought several years you sold me on the key sov years like 2017 where mintage are in the thousands not millions which I would never buy like You pointed out 8 million mintage of a panda
The 1/2oz mouse would currently be worth £500-£600 GBP + & maybe a lot more at auction, the last one that came up for auction sold for $1730 USD in an insane auction LOL
garth kbikes that was a good investment )) what do you think the Ox is worth?
LOL it was a good investment :) currently I'd value 1/2oz ox around £200-£300 GBP as it is not as rare as mouse.That is a big spread but it just depends on who is after it & for what reason, mouse of all sizes will always make big money as collectors are always on the look out for them & have the money to buy at high price.
As I have mentioned on my lunar proof video of a couple of years ago, you see mouse you buy it LOL.
what are your thoughts on the Somalian Elephants
+Skidz1818 I don't have any but I do like them. Silver semi-Numi with 500 to 5000 mintage is a hot spot
I wish I’d never clicked on your video. I tried to buy a Libertad from Banamex in 2014, they weren’t able to get one and I had to settle for a Centenario instead. Gutted!
I’m sure there are other places to get a Libertad
You sounded a lot like Shadow sticker when I was watching I thought it was another channel of his.
I fail at everything 100% of the time so don't worry too much.
i only buy 1 ounce bullion coins maples eagles brittania longterm investment i do have a proof set circulation coins uk 1986 and 1 proof ww2 silver comemorative coin but otherwise i stick with bullion for longterm investment
I don't go for proof stuff, myself
Do you know why his name is numistacker
Because he dont have to haggle
My most valuable coin is a chuck e cheese token
98% will loose money? Not if silver naturally goes up per OZ
If coin is only worth spot after a long time, it failed as a numismatic coin.
i collect for Silver as for coin and just looking at it i care not
It’s now 3 years in the future and so many people want nothing to do with pandas and who could blame them
Pandas will have their day again
@@Numistacker I think you may have a point there, some people do have a very short memory.
any tips for a 14 year old begginer
Buy what you like, buy what you can afford. Never go pass your budget. Make sure you are buying from legitimate coin dealers and companies.
I have many rs 5.1o.50.2 100 and more coins with me but I don't know where to sale sir please help me
I have some coins I'd like to sell I've got some old Barber dimes got some Mercury dimes I've got some Barber, Barber quarter and I have peace dollars I have a 1921 peace I have a 22 piece have a 23 piece I have some like I said I have some Morgan's I have some silver eagles I have some Benjamins I'm walking walking Liberties 50 cent pieces I have quite a few coins and I am looking to sale but I'm not selling it scrap prices no offense my coins have a value I have some pretty nice coins I got Benjamin's it's brand new never out of the package
Politics Effect China Pandas 🐼 Coin HERE in The UN-United States and the more TRUMP Presidency in danger Striking Out at President XI, China Wuhan Pandemic Will effect VALUES of Coins! 3000 or less are low mintage! Thanks Again for Your Inspiring Interests! Reluctant Graders UNITE.
Sounds like a half whisper.
Long in the tooth. Get to the point at the beginning.